14-year-old arrested for suspected loansharking activities
Published on Nov 18, 2011
By Jalelah Abu Baker
The police have arrested a 14-year-old for suspected involvement in loansharking activities.
Officers on patrol spotted the male youth distributing flyers in the vicinity of Hougang Ave 5 at about 3.05pm on Thursday. A stack of flyers offering financial services was found on him.
The police said in a statement that the finance company stated in the flyers was not a registered moneylending company.
He was then arrested for assisting the unlicensed moneylender in his business and the stack of flyers was seized as case exhibits.
Investigations against him are ongoing.
Read the full story in Friday's edition of The Straits Times.
